MERGERS & ACQUISITIONS

HealthFusion Has Been Acquired By Quality Systems Inc

January 2016

Company Description

HealthFusion provides Web-based, Cloud computing software for physicians, medical billing service providers, and hospitals. Its flagship, award-winning product, MediTouch, is a fully-integrated enterprise-class software suite consisting of clearinghouse, Practice Management (PM), Electronic Health Record (EHR) and Patient Portals with rich functionality to enable mobility, workflow automation, and advanced reporting and analytics aimed primarily at small-to-mid-size physician practices. HealthFusion has proven to be very effective penetrating what has largely been a difficult to reach, ill-equipped physician market segment, while achieving scale with exceptional recurring subscription revenue growth and strong EBITDA margins.

Objectives

TripleTree was engaged as HealthFusion’s exclusive financial advisor based on its deep and proven expertise in the healthcare IT space.  HealthFusion sought a partner that would elevate the business and accelerate the ability to take advantage of an immense market opportunity and diverse growth avenues. TripleTree successfully conveyed HealthFusion’s significant value proposition by highlighting the unique strategic capabilities that allow it to tackle prominent healthcare trends such as the shift to value-based payments, increasing levels of clinical granularity and performance reporting, and the growing importance of patient engagement.

Results

In a competitive process, Quality Systems Inc. (NASDAQ: QSII), the parent company of practice management and EHR company NextGen Healthcare, ultimately prevailed as the ideal partner for HealthFusion. Quality Systems viewed the platform as a highly strategic step in its enterprise-wide strategy to advance its Cloud solution capabilities and focus on the ambulatory market. The highly synergistic acquisition will enable Quality Systems to elevate its existing offering and expand its footprint and capabilities in the lower-end of the ambulatory market, while providing a rich set of Cloud-delivered solutions embraced by physicians.

Like most websites we use cookies here, but we don't share your information. By continuing your visit, you accept the use of cookies. Find out more